Latest Surety Headlines
All the headlines from our Surety Topic Page, ordered by recency.
How Surety Bonds Are Covering California’s Cannabis Industry
Aug 6 2018 // As the cannabis industry fights for legitimacy across the United States, California is working to maintain its leadership in the niche. In February, the state issued the first-ever surety bond program specifically for the...
South Dakota Moves to Liquidate Surety Insurer ReliaMax
Aug 6 2018 // ReliaMax Surety Co. has been placed into liquidation by the South Dakota Division of Insurance. The South Dakota DOI petitioned the Hughes County Circuit Court on June 12, 2018, to place ReliaMax into liquidation due to...
Atlas General, Accredited Surety to Offer Workers’ Comp Coverage in California
Aug 1 2018 // Atlas General Insurance Services, LLC, a national multi-line program administrator, has added an exclusive new workers’ compensation insurance program with Accredited Surety & Casualty Co. Accredited recently...
South Dakota Moves to Liquidate Surety Insurer ReliaMax
Jul 26 2018 // ReliaMax Surety Co. has been placed into liquidation by the South Dakota Division of Insurance. The South Dakota DOI petitioned the Hughes County Circuit Court on June 12, 2018, to place ReliaMax into liquidation due to...
BondExchange Upgrades Surety Bond Agent Platform
Jul 24 2018 // In response to feedback from its agents, BondExchange, a wholesale surety broker, has upgraded its insurance agent platform bondexchange.com, which offers access to a database of more than 10,000 different surety bonds for...
JLT Re Hires Guy Carpenter’s MacColl to Head Credit, Surety for North America
Jul 16 2018 // JLT Re (North America) has appointed Scott MacColl as head of Credit and Surety for North America. In addition to his role in North America, he will be working with global teams to help build out this specialized practice...
OneBeacon Surety Revamps Leadership Team, Expands Capacity
Jun 21 2018 // OneBeacon Surety Group recently announced changes to its U.S. leadership team. In addition, it is now offering up to $250,000,000 in aggregate surety bond capacity for qualifying clients. Chad Anderson has been named head...
Bonding with California’s Autonomous Vehicle Testing and Deployment Regs
Jun 18 2018 // A new legislative framework for autonomous vehicle testing and deployment in California created this year is expected to lead to a strong wave of development of this technology in the state. In February 2018, the Office of...
Sompo International Completes Acquisition of Lexon Surety
Jun 4 2018 // Bermuda-based specialty insurer Sompo International Holdings has completed the acquisition of the operating subsidiaries of Lexon Surety Group. The deal was first announced in January. Lexon, the second largest independent...
LP Insurance in Nevada Names Cantlon to Lead Surety Efforts
Apr 17 2018 // Reno, Nev.-based LP Insurance Services Inc. has named Andrea Cantlon surety sales executive. Cantlon now leads the surety efforts of LP Insurance throughout the company. The LP Insurance surety team services bonds...
IAT Insurance Group Agrees to Acquire New Jersey’s IFIC Surety Group
Apr 4 2018 // IAT Insurance Group (IAT) has reached a definitive agreement to acquire IFIC Surety Group Inc. for an undisclosed amount. The acquisition signals IAT’s entry into the surety market. The closing of the transaction is...
First Surety Bond Program for California Cannabis Industry OK’d
Mar 5 2018 // California Insurance Commissioner Dave Jones has approved the first surety bond program for the cannabis industry in the California. Continental Heritage Insurance Co. is the first insurer in the state to be approved to...
First Surety Bond Program for California Cannabis Industry OK’d
Feb 21 2018 // California Insurance Commissioner Dave Jones has approved the first surety bond program for the cannabis industry in the California. Continental Heritage Insurance Co. is the first insurer in the state to be approved to...
Starkweather & Shepley Hires Corner II as a Construction and Surety Specialist
Jan 17 2018 // Starkweather & Shepley Insurance Brokerage Inc. hired Russell Corner II as a construction and surety specialist. Corner’s key responsibilities in this role include managing relationships with current and...
PolyMet Secures $544M in Surety Bonds, Funding for Wisconsin Mine Costs
Dec 15 2017 // PolyMet Mining Corp. is offering the state a $544 million package of financial assurances to serve as an insurance policy to protect taxpayers from potentially having to cover the costs of closing and cleaning up a...
Fidelis Takes Equity Stake in New MGA Firestone Surety
Dec 15 2017 // Fidelis Insurance announced it has taken an equity stake in a new managing general agent (MGA) Firestone Surety Ltd., and will provide underwriting capacity. Details about the amount of Fidelis’ investment and...
Risk Strategies Company Acquires Maryland’s Delmarva Surety
Dec 8 2017 // Risk Strategies Company, a privately held, national insurance brokerage and risk management firm, has acquired Delmarva Surety in a move that extends its Mid-Atlantic footprint while adding specialized contract surety...
Hub Acquires Assets of Maryland’s Contractor’s Services and Surety Services
Dec 5 2017 // Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Contractor’s Services Inc. (CSI) and Surety Services LLC (SS). Terms of the acquisitions were not disclosed. Headquartered in...
How Surety Bonds Impact Contractor and Agent Relationships
Nov 20 2017 // Even though the surety industry is only a fraction of the total property/casualty marketplace, the importance of surety bonds to contractors and their impact on their relationship with insurance brokers is significant. A...
Accredited Surety and Casualty Enters into Agreement with Atlas General Insurance Services
Nov 6 2017 // Accredited Surety and Casualty Company Inc., a subsidiary of Randall & Quilter, has entered into an agreement with Atlas General Insurance Services to underwrite its Western Trade Craft artisan contractor program...
